In 2025, the beneficiary of Dragon Capital Investments Limited, Tomas Fiala, will start construction of a new plant for the production of Truskavetska mineral water in Lviv region with a capacity of 1 million bottles per day, which will allow Truskavetska to approach the capacity of the market leader Morshynska and overtake Karpatska Dzherelna, Forbes Ukraine reports.
According to the report, the investment company Fiala is already designing a new plant for the production of Truskavetska. Prior to that, it acquired two existing producers of this brand. The reason for the construction of the new plant is the inability to increase the existing capacity.
The new mineral water plant will be located on the territory of the Bobernia tract, next to the Solonytsia River, which flows into the Truskavets Reservoir. The plant will occupy an area of 20 hectares, but the final size of the site will depend on the results of the design. The production will be located near the Truskavets Ring Road.
“It’s good for logistics,” Fiala said, adding that the Aqua-Eco plant, which is already owned by Dragon Capital, is located nearby.
The company does not disclose the amount of future investments. “They amount to more than EUR35 million in the plant,” said Andriy Kulchynsky, mayor of Truskavets.
According to Serhiy Ustenko, owner of Carpathian Mineral Waters, the amount will be more modest – about EUR20 million.
For the company, such an investment is very significant, as the total revenue of Aqua-Eco LLC and Firm T.S.B. LLC in 2023 amounted to UAH 487.9 million. At the same time, only Firm T.S.B. LLC made a net profit of – UAH 6.7 million, the publication cited data from the YouControl service.
The company with foreign direct investment, Aqua-Eco LLC, is engaged in bottling mineral table water under the brands Truskavetska Aqua-Eco, Truskavetska Kryshtaleva, and Truskavetska Zapovedna. Since 1827, Truskavetska natural mineral water has been produced from the wells of the landscape reserve in the resort of Truskavets, Lviv region.
As reported, in August 2021, the Antimonopoly Committee of Ukraine (AMCU) allowed Dragon Capital Investments Limited (Nicosia, Cyprus) to buy Frolovia Limited (Nicosia, Cyprus), which owns the Truskavets Mineral Water Plant (Aqua-Eco LLC) in Ukraine, which bottles mineral water under the Truskavetska brand.
According to the website of IDS Borjomi Ukraine, as of August 2021, the group of companies included the Morshyn Mineral Water Plant Oscar and Truskavets Mineral Water Plant (both in Lviv region), Myrhorod Mineral Water Plant (Poltava region), IDS Aqua Service distribution company, and the Holoprystan Plant of Nova Kom (Kherson region).
Dragon Capital Investments Limited is a part of the Dragon Capital group of companies, the ultimate beneficiary of which is businessman Tomas Fiala.
Dragon Capital is one of the largest investment groups in Ukraine in the field of investment and financial services, providing a full range of investment banking and brokerage services, private equity, asset management for institutional, corporate and private clients. The company was founded in 2000 in Kyiv. One of Dragon Capital’s key business areas is real estate investments.
CONSTRUCTION, DRAGON CAPITAL, LVIV REGION, PLANT, Truskavetska
